Indian Consumer Durables Market Growing Strong till 2025 Forecasts a New Report
By 2025, it is expected that India is will become the fifth largest consumer durables market globally. At present, more than 77% of households in urban India have a television, 33% own a refrigerator, 17% have an air cooler, and 13% own a washing machine. Air conditioner penetration in India compares unfavorably with other developing markets, especially Asian countries, along with the other consumer durables categories within the country.
The improving living standards have made home washing machines an essential consumer good in the Indian market. The changing environmental dynamics, urbanization and rising income levels are driving the growth of this segment that was once inhibited by the high price point. The Indian refrigerator market was worth INR 41 billion in 2009 and is projected to reach INR 223 billion by 2020. Although the market has been growing, it still remains underpenetrated. Market penetration of refrigerators in India is 21% as compared with the global average of 85%.
The Indian television market is shifting from the traditional cathode ray tube (CRT) technology to LED, LCD and Plasma televisions. Some leading players have officially stopped the production of CRT televisions and are now concentrating on LED TV’s. While in 2012 CRT sales stood at 7 million units and flat panels stood at 5 million units, in 2014 CRT sales were only 2.5 million units while flat panel sales stood at close to 9 million units. It is expected the TV industry revenue will reach INR 130,500 crore by 2020.TVs form the next largest imports in the consumer durables sector behind air conditioners in India.
The report ‘A Study of the Indian Consumer Durables Sector’ highlights the key dynamics of India’s consumer durables sector. The potential of the sector has been investigated along with key challenges. The current market scenario and future prospects of the sector have been studied. The air conditioner, washing machine, television and refrigerator sectors have been studied in detail. Key players operating in the consumer durables sector including Voltas Ltd., Blue Star Ltd., Hitachi Ltd., LG Electronics India Pvt. Ltd., AB Electrolux, Panasonic Corp., Samsung, Carrier Corp., Whirlpool, IFB, Videocon have been profiled. The report contains latest verbatim of industry experts. Complete research is available at http://emarketorg.com/pro/a-study-of-the-indian-consumer-durables-sector/ .
An in-depth secondary research has been conducted to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
The report is available as single-site single-user license and the delivery time for the electronic version of the report is 3 business days.
Graphs mentioned in this research for consumer durables market of India include:
1. Indian Consumer Durables Market Size (USD Billion, 2006-2015 E)
2. Indian AC Market Size (INR Billion, 2009-2016 E)
3. Indian AC Market by Type (2014, units)
4. India Market Share of Split Ac vs. Window Ac(%, 2008-2019 E)
5. India Room AC Market (million units, 2008-2014 E)
6. India AC Production (‘000s, FY2010-FY2014)
7. India AC Imports (INR billion, FY10-FY14)
8. India AC Exports (INR million, FY10-FY14)
9. Player Wise AC Market Share India (%, FY13)
10. Top 3 AC Players Market Share India (%, FY14)
11. Indian Washing Machine Market Size (INR Billion, 2009-2015 E)
12. Indian Fully Automatic Washing Machine Market (Lakh Units, 2009-2012)
13. Indian Semi-Automatic Washing Machine Market (Lakh Units, 2009-2012)
14. Indian Washing Machine Market Player wise Market Share (%, 2011 &2013)
15. Indian Fully Automatic vs.Semi-Automatic Washing Machine Share (%, 2008 & 20113)
16. Indian Washing Machine Production (‘000s, FY10-FY13)
17. Indian Washing Machine Imports (‘000s, FY10-FY13)
18. Indian Television Market Size (INR Billion, 2009-2020 P)
19. Indian Television Market Share by Player (FY 2012-13, %)
20. India TV Imports (INR billion, 2011-2014)
21. India TV Exports (INR billion, 2011-2014)
22. India Flat Panel TV Shipments Market Shares by Brand (%, Q2’13 and Q2’14)
23. India Flat Panel TV Production (‘000s, FY10-14)
24. India Refrigerator Market (INR Billion, 2009-2020 P)
25. India Refrigerator Production (FY2010-FY2014, ‘000s)
26. India Refrigerator Imports (FY2010-FY2014, INR billion)
27. India Refrigerator Exports (FY2010-FY2014, INR million)
28. Indian Refrigerator Sector Player Wise Market Share (FY 2012-13, %)
Explore more reports for different markets of India at http://emarketorg.com/tag/india/ .
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